natb9450 natb9450

04-12-2019
Business

contestada

Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?

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VirginiaFelix VirginiaFelix

05-12-2019

Answer:

The answer is the market supply curve will shift to the right, and the market price will decrease.

Explanation:

It is likely to the market supply curve will shift to the right, and the market price will decrease.

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